FERC Chair Says PJM's Own Process Guarantees Its Power Shortfall
The July auction cleared nearly 7 gigawatts short of PJM's reliability target while adding only 500 megawatts of new supply.
- "Am I surprised PJM failed to deliver? No, I am not," Swett said Thursday.
- Swett brands PJM's stakeholder process slow, opaque, and vulnerable to vetoes and agenda control.
- Commissioner LaCerte once called PJM's status quo "untenable"; FERC's July 23 hearing is Docket AD26-7-000.
Why it matters: A market that yields 500 megawatts against a seven gigawatt gap is not broken, it works exactly as designed.
ZeroHedge (republished Utility Dive, Ethan Howland) — FERC Chairman Laura Swett remarks at FERC's July monthly meeting; corroborated by FERC technical conference notice, Docket AD26-7-000 (July 23, 2026) ↗ · Jul 17, 20267/17/26 · ✓ Checked✓ Check